obama can't do much, though, because welcome to the post-economy world. they don't want to hear from the americans. geithner tried to give them lectures about austerity and they said, thanks, but no thanks, we don't want to hear from you. this is the first crisis of the european union in which the united states is not a central player since really the 1920s. it is a new work of the europeans. the eu economy, as you know, ali, is larger than the u.s. economy. so i think what's going to happen is president obama is going to watch very anxiously because it, as you say, does have a huge impact, but i don't think there's much he can do about it. >> that's why they don't talk about it as much. china is more complicated. in europe we're more worried about the economy. in china, there are a number of issues. one are the economic issues that i talked about, low wages, currency, manipulation, intellectual property theft and those things, and then there's the other issue, and that is that china and the u.s. do not see eye to eye on a lot of major issues that the wor